31502 Riverside

Description

Acquire a rare opportunity to own both the real estate and the established Ringside Bar & Grill in the growing community of Lake Elsinore, California. The real estate must be purchased in conjunction with the business, which is offered separately at $425,000. The business generates gross annual sales exceeding $1,000,000, making this an outstanding opportunity for an owner-user seeking an established, turnkey operation. Cap rate at $10,000 NNN is 6.82The property features a 2,776-square-foot freestanding building that underwent extensive renovations in 2022, creating a modern, attractive, and welcoming environment for patrons. Originally constructed in 1982, the property has been thoughtfully updated and is well-positioned for continued success.Ideally located in the vibrant Lake Elsinore market and zoned CP (Commercial Professional), the property offers excellent visibility, accessibility, and long-term growth potential. Whether you are an experienced restaurateur looking to expand or an entrepreneur seeking to own your own business and real estate, this offering provides a unique opportunity to acquire a thriving business and a strategically located commercial property in one transaction.2,776 SF building with an additional 800 SF covered patioBuilt in 1982 Renovated in 2022Zoned CPLocated on Ortega Hwy just as you come into Lake Elsinor.Cap Rate is based on Market rent of $10,000 a month NNNRingside Bar and Grill to be sold concurrently at $425,000Includes a Type 48 liquor licenseSeats 99 persons10 beer taps, and 3 wells behind the barTouchtunes jukeboxMultuple Samsung Smart TVsSound system with DJ set upFlat top grillTwo fryersPizza Oven